ePlus (NASDAQ:PLUS) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.08 per share for the quarter.
ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.18. ePlus had a return on equity of 16.81% and a net margin of 4.60%. The company had revenue of $325.43 million for the quarter, compared to analyst estimates of $357.65 million. On average, analysts expect ePlus to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ PLUS traded down $0.81 during trading on Monday, hitting $74.45. 112,829 shares of the company traded hands, compared to its average volume of 92,798. ePlus has a 12 month low of $65.52 and a 12 month high of $107.25. The business’s fifty day simple moving average is $72.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.55. The company has a market cap of $1.01 billion, a P/E ratio of 16.01 and a beta of 1.34.
In other news, Director Lawrence S. Herman sold 600 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $71.25, for a total value of $42,750.00. Following the sale, the director now directly owns 10,149 shares of the company’s stock, valued at $723,116.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.59% of the company’s stock.
Several equities analysts have weighed in on PLUS shares. Zacks Investment Research upgraded ePlus from a “sell” rating to a “hold” rating and set a $82.00 target price on the stock in a report on Wednesday, July 24th. BidaskClub upgraded ePlus from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th. Berenberg Bank lowered ePlus from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. ValuEngine lowered ePlus from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 2nd. Finally, Sidoti upgraded ePlus from a “neutral” rating to a “buy” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $91.50.
ePlus Company Profile
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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